CRISIS: Aston Martin F1 Faces Bankruptcy SHOCK!
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Published 2024-05-07
CRISIS: Aston Martin F1 Faces Bankruptcy SHOCK!
In a startling development, the Aston Martin Formula 1 team has reported a staggering loss of £53 million for the 2022 season. This is huge, but now comes the question - Is Aston Martin F1 teetering on the edge of bankruptcy? So, let’s dive into this video to uncover the truth behind
this alarming situation. Aston Martin, the renowned sports car manufacturer, faced a significant financial setback in 2022. Despite a 26% increase in sales to £1.4 billion, the company reported a substantial rise in losses, doubling from £214 million to £495 million. This financial strain was attributed to heavy investments in new models and grappling with supply chain issues affecting the entire global car industry.
In response to these financial challenges, Aston Martin underwent a reorganization, now operating under AMR GP Limited, a subsidiary of AMR GP Holdings Limited. However, despite a surge in turnover by over £32 million from sponsorships and prize money, the team experienced a larger loss. This was particularly evident in increased costs during the inaugural
year of new racing regulations.
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All Comments (6)
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It’s an indictment on the sport in general Only the super elites and huge corporates can run these teams Many sports are loosing their way
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Seems like the team needs two good drivers to get points on a regular basis. Can't afford to keep Lance behind the wheel any more.
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I am not worried about AM future: neither AML nor AMF1! Li from Geely heavily invested in AML, and ARAMCO in AMF!. Lawrence will only sell if Lance loses interest in driving in F!.
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Aston Martin want give Newey 100 Million when he come, and you want say there is no Money oh bullshit here
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im not too concerened about this,in fact i dont give a monkeys,dont like the Strol gang.lol
